New York Layoffs — November 2022
Employers in New York logged 6 WARN Act notices in November 2022, involving roughly 850 workers and up 33% versus November 2021. The average filing covered 142 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 4 | 739 |
| Information & Technology | 1 | 81 |
| Healthcare | 1 | 30 |
The Finance & Insurance sector dominated layoff filings with 739 workers across 4 notices. Meanwhile, Information & Technology reported 81 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Orange | 2 | 487 |
| Suffolk | 2 | 252 |
| Westchester | 1 | 81 |
| Kings | 1 | 30 |
Orange felt the sharpest impact, accounting for 57% of all affected workers with 487 workers across 2 notices.
| City | Notices | Workers |
|---|---|---|
| Newburgh | 2 | 487 |
| Melville | 2 | 252 |
| White Plains | 1 | 81 |
| Brooklyn | 1 | 30 |
Layoff Type Analysis
Layoff type classification was not available for filings in New York this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Reverse Mortgage Funding | Newburgh | 254 | ||
| Reverse Mortgage Funding LLC - Mid-Hudson Region | Newburgh | 233 | ||
| Reverse Mortgage Funding | Melville | 133 | ||
| Reverse Mortgage Funding | Melville | 119 | ||
| City Carting of Westchester | White Plains | 81 | ||
| Housing Works | Brooklyn | 30 |
The biggest impact was at Reverse Mortgage Funding at its Newburgh facility, reporting 254 affected workers. Reverse Mortgage Funding LLC - Mid-Hudson Region followed with 233 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
This data points to mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Finance & Insurance sector warrants close attention heading into the next period.
This analysis is based on official WARN Act filings reported by New York. The Worker Adjustment and Retraining Notification (WARN) Act requires employers with 100+ employees to provide 60-day advance notice of mass layoffs and plant closings. Data is updated daily by WARN Firehose. View all New York WARN notices, browse layoffs by state, or download the full dataset.